Afaik Cathie Wood's Ark Invest is heavily invested in Bitcoin. This means that it's clear that she and her company will always have very big predictions for Bitcoin, and this for two reasons:
* if they wouldn't trust Bitcoin they would haven't been buying or would sell
* they want to convince actual and potential investors (into Ark Invest) that their (Ark's) investments are good and can bring big money

I don't say they're wrong. But they're clearly biased.
...The report may be a bit too optimistic though.

Give that their "bear case" is more optimistic than some bullish predictions elsewhere, probably a bit, yep.

Still, if they're right, I might finally be able to afford to get on the housing ladder, heh.

This is one valid point. As I said, b i a s e d. If tomorrow they'll sell their coins and invest into <insert name here>, then they'll start telling how shite Bitcoin is and how good <insert name here> is and will become in the following months and years. That's how this works.


This is another good point. Still, I'm not worried about bitcoin's value. I'm worried that people will somewhat lose their appetite in buying because of its high price - or, to say it different, I fear that the world's finance would not be strong enough to allow us go so high (I don't know how to express this better).

Infiltrating this thread because it looks like a ChipMixer group chat so far!

You know what.  Bitcoin around $250,000 for the worst case sounds like something I would drool over.  If this is the worst case, it is amazing.  Speaking of cycles, this may not be implausible at all if we consider the insane past Bitcoin had.  And does it look like money is getting closer than ever to becoming worth nothing at all?  My actual question is.  If Bitcoin gets to $250,000, will $250,000 get you more purchasing power in 2030 than $25,000 would get you in 2023 or will money be so devalued it will be worth nothing?  If money is strongly devalued this decade.  Then brace yourselves.

-
Regards,
PrivacyG

I've heard this theory from a few people as well. Either way, money has been devalued more and more in recent years and it will certainly continue to do so, but I think in 2030 you can still buy more for $250,000 than with $25,000 today. Surely you will be able to buy less in 2030 than today with $250,000, but I don't think that the devaluation of money is progressing so quickly. But if this does happen, the world will certainly have more problems than it has now and things are looking pretty bad anyway. 

Well if ARK and Cathie Wood weren't invested then people would be asking why didn't they buy any bitcoin if she thinks the price will go so high?

Damn if you do, damn if you don't. At least they put their money where their mouth is.

I don't know why they choose the year 2030. In my opinion, if I make any prediction, I will pick years of likely big bull markets like years with Bitcoin halving events: 2024, 2028 and 2032. With ARK report, they choose 2030 that will probably a year of bear market and it is not good for prediction.

Furthermore, their predictive price is too wide from $250k to $1.5M and I don't like that prediction. Anyone can make that blindly wide predictive price.

In 2032, after that halving, Bitcoin circulating supply will be 99.2% of its total supply and with each block, miners will get only 0.78125 BTC as block reward.
Controlled supply

Because it is a nice round number that plays its role in such speculations - regardless of the halving in 2028 and the possibility that 2029 will be the year of some new big bull run. Furthermore, any speculation that sets a range as wide as $250k to as much as $1.5 million is nothing more than mere speculation, regardless of whether it comes from someone who people think knows what will happen in the future.

I basically agree with you, and I think many others share that opinion, although in 7 years most people think that the price of 1 BTC will be in the six-figure zone, so we will not be disappointed if Cathie is right

But the previous ATH were in 2018 and 2021, not in the halving event years.

ATH occurs one/two years after the Halving events , so those years you mentioned are not better imo.


But that is not a blindly prediction, they made a report show where this money comes from. You can even see in the image I posted in the OP. Money will flow from 5 to 25% from remittances, 0,3% to 10% from emerging markets, etc

Either way, I don't believe it really matters what are their intentions. Whether they're bad or good, bitcoin will succeed further in the long term. This is my bet.

Just to be sure: have they published any hard proof of their stash? It's quite easy to do, so I'll remain skeptical if they don't.